ExxonMobil (NYSE:XOM) Raised to Buy at Wall Street Zen

by · The Markets Daily

ExxonMobil (NYSE:XOM – Get Free Report) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday, Wall Street Zen reports.

Other equities analysts have also recently issued research reports about the company. BMO Capital Markets raised their price target on ExxonMobil from $160.00 to $170.00 and gave the company a “market perform” rating in a report on Wednesday, August 12th. BNP Paribas Exane decreased their price objective on ExxonMobil from $165.00 to $155.00 and set a “neutral” rating on the stock in a report on Friday, July 17th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $180.00 price objective (up from $160.00) on shares of ExxonMobil in a report on Monday, September 21st. Weiss Ratings upgraded ExxonMobil from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, September 29th. Finally, JPMorgan Chase & Co. raised their target price on shares of ExxonMobil from $158.00 to $166.00 and gave the company an “overweight” rating in a report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and thirteen have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $167.70.

Read Our Latest Analysis on XOM

ExxonMobil Stock Up 0.0%

XOM opened at $183.23 on Friday. The firm has a 50-day simple moving average of $165.80 and a two-hundred day simple moving average of $155.03. ExxonMobil has a 52 week low of $112.51 and a 52 week high of $183.75. The company has a market capitalization of $759.46 billion, a PE ratio of 23.58, a price-to-earnings-growth ratio of 0.92 and a beta of 0.21. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.12.

ExxonMobil (NYSE:XOM – Get Free Report) last issued its earnings results on Friday, July 31st. The oil and gas company reported $3.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.56 by ($0.04). The firm had revenue of $114.53 billion during the quarter, compared to the consensus estimate of $109.94 billion. ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%. During the same period last year, the firm posted $1.64 earnings per share. Analysts forecast that ExxonMobil will post 13.63 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Apollon Wealth Management LLC increased its stake in ExxonMobil by 15.6% during the third quarter. Apollon Wealth Management LLC now owns 231,907 shares of the oil and gas company’s stock worth $37,743,000 after acquiring an additional 31,325 shares during the last quarter. Holos Integrated Wealth LLC raised its position in ExxonMobil by 9.7% during the third quarter. Holos Integrated Wealth LLC now owns 5,081 shares of the oil and gas company’s stock valued at $906,000 after purchasing an additional 449 shares during the period. Townsend & Associates Inc lifted its stake in shares of ExxonMobil by 1.1% in the 3rd quarter. Townsend & Associates Inc now owns 7,978 shares of the oil and gas company’s stock valued at $1,428,000 after purchasing an additional 89 shares during the last quarter. Morton Brown Family Wealth LLC lifted its stake in shares of ExxonMobil by 63.4% in the 3rd quarter. Morton Brown Family Wealth LLC now owns 1,654 shares of the oil and gas company’s stock valued at $269,000 after purchasing an additional 642 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC lifted its stake in shares of ExxonMobil by 5.9% in the 3rd quarter. Kingswood Wealth Advisors LLC now owns 66,722 shares of the oil and gas company’s stock valued at $10,859,000 after purchasing an additional 3,728 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Trending Headlines about ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

  • Positive Sentiment: Upcoming earnings may provide support: Wall Street expects ExxonMobil to report year-over-year earnings growth next week, and Zacks says the company has factors that could support a potential earnings beat. Exxon Mobil Holdings Reports Next Week
  • Positive Sentiment: Analyst estimates moved higher: Erste Group raised its FY2027 EPS forecast to $11.81 from $11.12, signaling improving expectations for ExxonMobil’s future earnings power. ExxonMobil analyst estimate report
  • Positive Sentiment: Oil prices and upstream assets remain favorable: ExxonMobil’s low-cost Permian and Guyana operations are viewed as supporting production growth toward its 2030 ambitions. Higher crude prices, including Brent above $100 per barrel after Middle East attacks, have helped drive the stock’s recent gains. ExxonMobil long-term upstream production
  • Positive Sentiment: Dividend and balance-sheet appeal: ExxonMobil is highlighted among mega-cap companies with a long record of raising payouts through different economic and interest-rate environments. Analysts also cite its stronger balance sheet relative to BP, while momentum-focused coverage points to continued investor interest. Dividend stocks with long payout records
  • Neutral Sentiment: Valuation and relative-performance debate: ExxonMobil has substantially outperformed this year and compares favorably with BP on gains and financial strength, but analysts give Chevron an edge for further upside based on free cash flow, cost savings and projected 2026 earnings growth. Chevron versus ExxonMobil
  • Negative Sentiment: Illinois refinery disruption: An issue at ExxonMobil’s Joliet refinery is contributing to higher gasoline prices in the Chicago area and could pressure near-term refinery operations, although the wider market impact remains uncertain. Midwest pump prices surge after Illinois refinery disruption

ExxonMobil Company Profile

(Get Free Report)

Exxon Mobil Corporation, doing business as ExxonMobil (NYSE:XOM), is an integrated energy company engaged in the exploration, development, production, and sale of crude oil and natural gas. Its operations span the energy value chain, from resource development and refining to the marketing and distribution of fuels and other energy products.

Through its Energy Products segment, ExxonMobil manufactures and markets transportation fuels, lubricants, and other petroleum-based products. Its Chemical Products business produces petrochemicals, including commodity and performance products used in packaging, automotive components, construction materials, and consumer goods.

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